Balboa Wealth Partners Purchases 2,316 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Balboa Wealth Partners raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 94.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,762 shares of the company's stock after purchasing an additional 2,316 shares during the period. Balboa Wealth Partners' holdings in CrowdStrike were worth $1,336,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock worth $5,149,124,000 after buying an additional 315,280 shares during the period. Legal & General Group Plc raised its holdings in shares of CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after purchasing an additional 60,607 shares during the period. Ameriprise Financial Inc. boosted its position in shares of CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock worth $696,471,000 after purchasing an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock valued at $671,828,000 after buying an additional 564,662 shares during the period. Finally, Federated Hermes Inc. increased its position in CrowdStrike by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company's stock valued at $426,212,000 after buying an additional 9,564 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 in the last three months. Company insiders own 4.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Scotiabank cut their price target on CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 14th. Morgan Stanley reissued an "overweight" rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Monday, September 9th. Evercore ISI lowered their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an "outperform" rating on the stock in a report on Tuesday, July 30th. Argus reduced their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a "buy" rating for the company in a report on Friday, August 30th. Finally, Royal Bank of Canada lowered their target price on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $328.74.

CrowdStrike Stock Performance

CRWD stock traded down $7.61 during midday trading on Friday, reaching $336.75. 3,457,968 shares of the company's stock traded hands, compared to its average volume of 5,024,086. The firm has a market capitalization of $82.55 billion, a PE ratio of 487.16, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10. The company has a 50-day moving average price of $295.99 and a two-hundred day moving average price of $309.90. CrowdStrike Holdings, Inc. has a 52 week low of $198.86 and a 52 week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the company posted $0.06 EPS. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.